R/€ = 16.82 Change: 0.03
R/$ = 15.68 Change: 0.07
Au 1865.32 $/oz Change: 8.04
Pt 957.12 $/oz Change: -14.88


Sevenfold increase in yearly clean hydrogen needed to hit 2050 net-zero target 

By: Martin Creamer     23rd May 2022 Annual production of clean hydrogen would need to increase more than sevenfold for the world to hit net zero in 2050, say the leading founders of McKinsey & Company’s platform for climate technologies, Bernd Heid of Cologne, Martin Linder of Munich, and Mark Patel of San Francisco, who add that... 

Forum set up to improve cooperation between Eskom, Transnet and domestic industrialists 

By: Terence Creamer     20th May 2022 A new forum comprising Eskom, Transnet and domestic industrialists is to be established to improve collaboration between the two large infrastructure-focused State-owned companies and domestic manufacturers and suppliers. The initiative was unveiled by Ministers Pravin Gordhan and Ebrahim Patel... 

China's Sinosteel signs $680m iron-ore mine deal with Cameroon

By: Reuters     20th May 2022 Cameroon's government has signed a 420-billion CFA franc ($675.96-million) high-grade iron-ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient. Sinosteel Cam, the Cameroonian subsidiary of the state-owned Chinese miner,... 

Zambia’s amethysts, emeralds still tops, but mining could be better

By: Tracy Hancock     20th May 2022 The state of Zambia’s amethyst and emerald mining sectors has improved after the onset of the Covid-19 pandemic resulted in poor demand. However, the sectors continue to battle systemic undercapitalisation, while the chamber continues to advocate for amendments to the tax regime to encourage... 

SA vehicle, component exports rose 18.1% to R207.5bn in 2021

By: Irma Venter     20th May 2022 The value of new-vehicle and automotive component exports from South Africa increased by R31.8-billion, or 18.1%, to a record R207.5-billion in 2021, up from R175.7-billion in 2020. Last year’s vehicle and automotive component exports accounted for 12.5% of total South African exports, down from... 

USTDA funding feasibility study on Western Cape broadband infrastructure expansion

By: Natasha Odendaal     20th May 2022 The US Trade and Development Agency (USTDA) is providing grant funding for California-based certified woman-owned small business Global Resources to undertake a feasibility study to expand broadband infrastructure for 500 000 people in South Africa’s Western Cape province. The study will assess... 

New children’s book aimed at encouraging water conservation from an early age

By: Natasha Odendaal     20th May 2022 A new children’s book, funded and distributed by global water technology company Xylem and its corporate social responsibility programme Xylem Watermark, aims to show young children how to help protect water, using storytelling to increase awareness and drive water conservation. Splash, recently... 

Valves supplier highlights importance of technical knowledge

By: Sabrina Jardim     20th May 2022 A holistic approach should be followed when buying valves to ensure that they are appropriate for specific applications, says valve and steel supplier Stewarts and Lloyds export manager Andre Swart. “There has been a huge drive in South Africa’s fluid handling and irrigation industry where... 

Arafura finds offtake for Nolans product

By: Esmarie Iannucci     19th May 2022 Rare earths developer Arafura Resources has signed a non-binding memorandum of understanding (MoU) with South-Korean automotive giant based Hyundai Motor Company for a potential neodymium praseodymium (NdPr) offtake from the Nolans project, in the Northern Territory. The MoU provides a framework... 

Colombia's mining income to hit record in 2022 - industry group

By: Reuters     19th May 2022 Colombia's mining industry is on track to bring in a record 8.8-trillion pesos ($2.2-billion) in taxes and royalties during 2022, the Colombian Mining Association (ACM) said on Wednesday, adding mining is an essential sector for the transition to renewable energies. If the forecast proves... 

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